$7,250,000
8024 8036 Allport Avenue, Santa Fe Springs 90670
57,167
Lot Size
Listing Agent
Krikor Garabedian - Keller Williams R. E. ServicesWe are pleased to present a 27,600 square feet multi-tenant industrial property in Santa Fe Springs, California, situated on over 1.3 Acres of M1 zoned land and incorporating 2 separate multi-tenant industrial buildings plus a 3rd parcel which allows for street-to-street access. The buildings will be delivered occupant free at the close of escrow; there is one month-to-month tenant occupying the Freestone Yard parcel. The two buildings include: 8024-8032 Allport Avenue, which is approximately 12,640 square feet with 6 roll up ground level doors; then a second building at 8036-8042 Allport Avenue which is approximately 14,970 square feet and includes 5 roll up ground level doors. The clearance height for 8024 is 14’ to the beams and 16’ to the rafters; while 8036 has a clearance of near12.5’ to the beams and 14’ to the ceiling. The property has in recent years been entirely used as a wood moldings fabrication, warehouse and distribution center, yet the building has the infrastructure and design to convert back into a multi-tenant industrial asset. At an estimated $1.60/SF rents the building has the potential to generate over $585,000 in annual revenue and yield of over 7.5% cap rate. Alternatively, an Owner-User can occupy a portion of the property and lease the balance for added income. This rare and versatile asset can suit a wide range of needs for either an investor or a business owner looking to expand their operations and footprint.
Facts & Features
MLS® # | GD24039762 |
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Price | $7,250,000 |
Bathrooms | 0.00 |
Lot Size | 57,167 |
Year Built | 1962 |
Type | Commercial Sale |
Sub-Type | Industrial |
Status | Active |
Community Information
Address | 8024 8036 Allport Avenue |
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Area | M2 - Santa Fe Springs |
City | Santa Fe Springs |
County | Los Angeles |
Zip Code | 90670 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Has Basement | No |
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Fireplace | No |
# of Stories | 1 |
Exterior
Lot Description | Lot Over 40000 Sqft, Rectangular Lot, Irregular Lot, Level |
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Additional Information
Date Listed | February 27th, 2024 |
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Days on Market | 66 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Krikor Garabedian |
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Office | Keller Williams R. E. Services |